공시 • Jul 02
De La Rue plc(LSE:DLAR) dropped from FTSE All-Share Index (GBP) De La Rue plc(LSE:DLAR) dropped from FTSE All-Share Index (GBP) 공시 • Jun 19
De La Rue Expects Shares Cancelation Effective July 03 On 15 April 2025,the boards of directors of ACR Bidco Limited ("Bidco") and De La Rue plc ("De La Rue") announced that they had reached agreement on the terms and conditions of a recommended all cash acquisition by Bidco of the entire issued, and to be issued, ordinary share capital of De La Rue (the "Acquisition"), to be effected by means of a Court-sanctioned scheme of arrangement under Part VIII of the Companies Act 2006 (the "Scheme"). On 9 May 2025, De La Rue published a scheme document in connection with the Acquisition, setting out the terms and conditions of the Scheme (the "Scheme Document"). On 3 June, the requisite approvals from Shareholders for the implementation of the Scheme were obtained and on 11 June we announced that the Secretary of State had confirmed to Bidco and De La Rue that no further action would be taken in relation to the Acquisition under the National Security and Investment Act 2021. The Company expects Scheme Court Hearing on 30 June 2025, Suspension of listing of, and dealings in, De La Rue Shares by 7.30 a.m. on 2 July 2025 with Effective Date 2 July 2025. Cancellation of listing on the Official List and trading on the Main Market of De La Rue Shares expected to be on 8.00 a.m. on 3 July 2025. 공시 • Apr 17
Atlas FRM LLC agreed to acquire De La Rue plc (LSE:DLAR) from Schroder Investment Management Limited, Crystal Amber Fund Limited (AIM:CRS), managed by Crystal Amber Asset Management (Guernsey) Limited, Richard Griffiths and others for approximately £250 million. Atlas FRM LLC agreed to acquire De La Rue plc (LSE:DLAR) from Schroder Investment Management Limited, Crystal Amber Fund Limited (AIM:CRS), managed by Crystal Amber Asset Management (Guernsey) Limited, Richard Griffiths and others for approximately £250 million on April 15, 2025. The cash consideration payable to the De La Rue Shareholders under the terms of the Acquisition is intended to be financed by equity funding to be invested indirectly by the Atlas Funds.
De La Rue Directors, who have been so advised by Deutsche Numis as to the financial terms of the Acquisition, consider the terms of the Acquisition to be fair and reasonable. Accordingly, the De La Rue Directors intend to recommend unanimously that the De La Rue Shareholders vote or procure votes in favour of the Scheme at the Court Meeting and the Resolution to be proposed at the General Meeting. Bidco has received irrevocable undertakings or a letter of intent to vote or procure votes in favour of the Scheme at the Court Meeting and the Resolution to be proposed at the General Meeting (or, if Bidco exercises its right to implement the Acquisition by way of a Takeover Offer, to accept such offer) with respect to a total of 79.14% De La Rue Shares (representing approximately 40.30% of the De La Rue Shares in issue on April 14, 2025. Once the approvals have been obtained at the Court Meeting and the General Meeting and the other Conditions have been satisfied or (where applicable) waived, the Scheme must be sanctioned by the Court at the Sanction Hearing before it can become Effective. The Acquisition is conditional, amongst other things, upon: a) the approval of the Scheme by a majority in number representing not less than 75% in value of the Scheme Shareholders entitled to vote and present and voting, either in person or by proxy, at the Court Meeting (or at any adjournment, postponement or reconvention of such meeting) on or before the 22nd day after the expected date of the Court Meeting to be set out in the Scheme Document in due course (or such later date as may be agreed between Bidco and De La Rue and the Court may allow); b) the passing of the Resolution necessary to implement the Scheme by the requisite majority at the General Meeting to be held on or before the 22nd day after the expected date of the General Meeting to be set out in the Scheme Document (or such later date, if any, as Bidco and De La Rue may agree and the Court may allow); c) satisfaction of the NSIA Condition; and d) satisfaction of the NFDISO Condition. The deal has been unanimously approved by the board of De La Rue. The acquisition is currently expected to be completed during the third quarter of 2025, subject to the satisfaction or (where applicable) waiver of the conditions. an expected timetable of key events relating to the acquisition will be provided in the scheme document.
Jonathan Wilcox, Luke Bordewich and Kevin Cruickshank of Numis Securities Limited acted as financial advisor and David Weinberg of Lazard & Co., Limited acted as financial advisor to Atlas FRM LLC. King & Spalding International LLP acted as legal advisor to Atlas FRM. Bird & Bird LLP acted as legal advisor to De La Rue. Computershare Investor Services PLC acted as information agent to De La Rue. 공시 • Jan 09
Disruptive Capital GP Limited and Pension SuperFund Capital entities proposed to acquire De La Rue plc (LSE:DLAR) for £245 million. Disruptive Capital GP Limited and Pension SuperFund Capital entities proposed to acquire De La Rue plc (LSE:DLAR) for £245 million on January 9, 2025.Disruptive Capital GP Limited and Pension SuperFund Capital entities have received a preliminary possible conditional cash offer from the PSFC Entities of £1.25 per share The Possible Cash Offer would be conditional, amongst other things, on the successful completion of the already announced planned sale of the Authentication division to Crane NXT, Co., waivable at the PSFC Entities' discretion. Jonathan Wilcox, Luke Bordewich and Kevin Cruickshank of Numis Securities Limited acted as financial advisor and Stuart Donnelly and Ed Brown of Brunswick Group and Brunswick Group LLP acted as financial advisor to De La Rue. 공시 • Dec 13
De La Rue plc Confirms Discussions with Disruptive Capital GP Limited and Pension Superfund Capital Entities De La Rue plc (LSE:DLAR) ("De La Rue" or the "Company") noted the recent press speculation regarding a possible offer for the Company. The Board of De La Rue confirmed that, whilst it has not received an offer for the whole Company, it is in discussions with Disruptive Capital GP Limited and Pension SuperFund Capital entities (together the "PSFC Entities") regarding a proposal to take a possible equity stake in the business. The PSFC Entities have indicated that they are not seeking statutory control of the Company and have confirmed their support for the Company's management and current strategy, including the announced disposal of the Authentication division and the ongoing discussions with other parties in relation to the Company's Currency division. The latest proposal received is in relation to a possible partial offer for up to forty per cent. of the issued share capital of De La Rue at £1.25 per share (the "Partial Offer"). Consent of the Takeover Panel would be needed for the making of such a Partial Offer, which would also be subject to the approval of De La Rue's Shareholders. Discussions with other parties in relation to the disposal of the Group's Currency division also continue to progress. At this stage there can be no certainty that any proposal to acquire the Currency division will be made, nor as to its terms. Following this announcement and the possibility of a Partial Offer which could result in the PSFC Entities being interested in shares carrying 30 per cent. or more of the voting rights of De La Rue, the Company is now considered to be in an "offer period" as defined in the Code, and the dealing disclosure requirements listed below will apply. Rule 2.6(a) of the Code requires that the PSFC Entities must, by no later than 5.00 p.m. on 9 January 2025, being the 28th day following the date of this announcement, either announces a firm intention to make a Partial Offer for De La Rue in accordance with Rule 2.7 of the Code or announces that it does not intend to make a Partial Offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline will only be extended with the consent of the Takeover Panel, in accordance with Rule 2.6(c) of the Code. 공시 • Nov 27
De La Rue plc to Report First Half, 2025 Results on Dec 12, 2024 De La Rue plc announced that they will report first half, 2025 results on Dec 12, 2024